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2331 Wren Meadow Rd, Richmond, TX 77406

3 beds • 2 baths • 2154 sqft

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This property looks like a bad Airbnb investment with a projected -12.39% first-year return on $74,280 initial cash invested.

-12.39%

Cash On Cash

2.85%

Cap Rate

0.48

DSCR

$2,211

Rent

-$767

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,211 income − $2,978 expenses = $767 out of pocket

Income$2,211Out of Pocket$767Mortgage P&I$1,31660%Property Taxes$48922%Insurance$964%HOA$161%Management$33215%CapEx$884%Maintenance$884%Other$55325%

Investment Breakdown

|

Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,280

Downpayment

20%

$53,600

Closing costs

1%

$2,680

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,211

Total Expenses

$2,978

Mortgage P&I

60%

$1,316

Property Taxes

22%

$489

Home Insurance

4%

$96

HOA

1%

$16

Property Management

15%

$332

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$553

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